1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denis23 [38]
3 years ago
15

In 2008, Betserai was a 10-year-old quintrillionaire living in Bulawayo, Zimbabwe. He was literally rolling in money. In fact, B

etserai has so much money that he decided to make kites out of billion dollar bills instead of putting the money into the bank to earn interest. None of Betserai's friends bothered to save their money, either. Rupert was Betserai's American pen pal and heard of Betserai's story and was extremely confused. He was taught that Zimbabwe was one of the poorer countries in the world, or at the least substantially poorer than the United States. Which statement best explains this phenomenon?
A. A country's wealth is based on the amount of money in circulation.
B. Zimbabwe was in the midst of an incredible economic boom, substantially increasing the wealth of all its citizens.
C. Rapid rises in price levels made the Zimbabwean dollar near worthless in terms of purchasing power.
D. All of these statements could explain what happened in Zimbabwe in 2008.
Business
1 answer:
marishachu [46]3 years ago
4 0

Answer:

C. Rapid rises in price levels made the Zimbabwean dollar near worthless in terms of purchasing power.

Explanation:

As in the given situation it is mentioned that 10 year old boy has the bill of billion dollar this represented that the country really printed the bill of billion dollar. It means that the attempt is to be done in order to print a currenct note of higher denomination that also represent that the country would increased such level also at the same time a big amount is required to purchased the goods and services.

Also the high denomination values would not consist of actual value as they have purchasing power i.e. negligible

You might be interested in
Mortimer loves sushi. he loves sushi so much that he asks his congressional representative to work for passage of a binding pric
Flauer [41]

First option.

Indeed, some people may benefit by paying the artificial price, but not all as other people may not be able to satisffy all their demand as a price ceiling will also effectively create a shortage due to the low prices disincentivizing producers.

8 0
3 years ago
Broker Barb takes out a two-page color full-page ad in the weekend paper of her listed properties. What form of advertisement is
romanna [79]

It is the form of product advertisement.

<h3>What is a product advertisement?</h3>
  • Product advertising promotes a specific product of a brand rather than the brand itself.
  • These advertising emphasize product characteristics and benefits rather than brand reputation or brand awareness.
  • Direct mail, comparative, cooperative, informational, and outdoor advertising are some kinds of product advertising.
  • Television, radio, print, websites, social media, outdoor/billboards, and digital placement are all examples of advertising channels.
  • Broker Barb advertises her listed homes in the weekend paper with a two-page color full-page ad, which is also a type of product advertising.

Therefore, in the given situation it is the form of product advertisement.

Know more about product advertisements here:

brainly.com/question/1658517

#SPJ4

7 0
2 years ago
the tendency of naive investors to buy high (after prices have risen for several periods) and sell low (after prices have droppe
Dominik [7]

The tendency of naive investors to buy high (after prices have risen for several periods) and sell low (after prices have dropped for several periods) can be explained by the behavioral tendency known as anchoring.

<h3>What does anchoring in purchasing behavior mean?</h3>

A behavioral finance heuristic known as "anchoring" refers to the unconscious use of unimportant information, such as the price at which a security was purchased, as a fixed reference point (or "anchor") for making decisions about that security in the future.

The cognitive bias known as "anchoring" occurs when the mere existence of an initial number has an outsized impact on later decision-making. The TV's exorbitant cost acts as an anchor that encourages buyers to spend more money than they intend to. By announcing a lower price after stating a price, the anchoring effect in making purchase decision is activated. Customers will view the higher price as being more comparable to the original, lower price than the alternative prices being provided.

To learn more about purchase decision, visit:

brainly.com/question/26517026

#SPJ1

4 0
1 year ago
You work as the IT security administrator for a small corporate network. You plan to configure AppLocker rules for workstations
Dima020 [189]

Question Continuation

Service Setting

Application Identity Automatic

Remote Registry Disabled

Routing and Remote Access Disabled

SSDP Discovery Disabled

UPnP Device Host Disabled

Answer:

You'll need to do the following:

1. Modify the Application Identity service to Automatic

2. Disable the Remote Registry service

3. Also, Disable the Routing and Remote Access service

4. Disable the SSDP Discovery service

And lastly

5. Disable UPnP Device Host service

Explanation

After you have configured the Workstation GPO with the settings (in Answer) above

You then ensure that the following are completed.

1. Goto-> Server Manager,

Select Tools >

Select Group Policy Management.

2. Expand Forest: CorpNet.com

- > Domains

- > CorpNet.com

-> Group Policy Objects.

3. Right-click WorkstationGPO

Then select Edit.

4. Under Computer Configuration,

-> Expand Policies

- > Windows Settings

- > Security Settings.

5. Select System Services.

6. In the right pane, double-click the policy to edit.

7. Select Define this policy setting.

8. Select the policy setting; then click OK.

9. Repeat this for other policies

6 0
3 years ago
On January 2, 2019, Konrad Corporation acquired equipment for $500,000. The estimated life of the equipment is 5 years or 18,000
mojhsa [17]

Answer:

C. $162,000

Explanation:

As for the provided information,

The cost of machine = $500,000

Residual value = $14,000

Therefore amount to be depreciated in useful life = $500,000 - $14,000 = $486,000

Using units of production method we have:

Total expected hours of production = 18,000

Therefore, depreciation per hour = $486,000/18,000 = $27 per hour

Total use in current year = 6,000 hours

Therefore, depreciation in current year = $27 \times 6,000 = $162,000

5 0
3 years ago
Other questions:
  • A single commercial bank must meet a 25% reserve requirement. If it initially has no excess reserves and then $2,000 in cash is
    15·1 answer
  • Quizlet: Under autarky, consumer surplus is represented by the area
    8·1 answer
  • What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont
    14·1 answer
  • A journal entry for a​ $210 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for​ $550
    12·1 answer
  • Where do you think the biggest hole is in the registration statement?
    14·1 answer
  • What is insurance??????
    13·1 answer
  • Suppose a third firm enters the market. If they all don't cheat, then they split the profits three ways so that each firm gets 2
    6·1 answer
  • In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in
    14·1 answer
  • Herbert Simon (cited in Certo &amp; Certo (2014) questioned the ability of managers to make rational decisions. In his opinion,
    11·1 answer
  • The present value of $100 paid annually at year end for 20 years at 10% per year is:________.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!